Construction of U.S. homes jumped 17.3% in June as some states reopened, but the pace still lags last year after this spring’s massive slowdown in building activity due to the coronavirus outbreak. The Commerce Department reported Friday that new homes were started at a seasonally adjusted annual rate of 1,186,000 in June after a modest
Month: July 2020
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock, the world’s largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services. The New York-based company’s net income rose to $1.21 billion, or $7.85
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There are still 14 victims of the massive Twitter hack that could still get their Bitcoin back. These victims sent some Bitcoin to a hacker address, but their transactions are still unconfirmed on the Bitcoin network. They are currently hanging in limbo, or Bitcoin mempool. These transactions seem to be unconfirmed after many hours because
Gold Price Analysis: First hurdle crossed, next bullish levels in sight – Confluence Detector Gold has recaptured the round $1,800 level and also topped a critical hurdle mentioned earlier in the day. The road is now open for XAU.USD to continue to higher ground. The Technical Confluences Indicator is showing that the next target is
EUR/USD trades to session highs of 1.1420 For bank trade ideas, check out eFX Plus The euro is looking a little perky as the negotiations on the EU recovery fund begins today, with buyers keeping a more bullish near-term bias on a hold above 1.1400 as well as the 100-hour moving average at 1.1387. Price
Boris Johnson says that the government is aiming to review the remaining restrictions in November From October, we intend to bring audiences back into stadiums We will look to allow more close contact between friends and family where possible Hopes that by November it may be possible to drop social distancing rules The part on
LONDON: Oil prices slipped on Friday amid growing uncertainty about the global recovery in fuel demand as coronavirus cases surged in several countries, while major producers were set to ease output curbs. Brent crude futures fell 26 cents to $43.11 a barrel by 0822 GMT. US West Texas Intermediate (WTI) crude dropped 23 cents to
The forex markets are generally stuck inside yesterday’s range in subdued trading today. Chinese stocks attempted a recovery at the start of the session, but quickly turned into red again, continuing with Thursday’s mini-crash. Other Asian markets are mixed though, with not much reactions to weaker US close overnight. As for the week, Euro is
The number of Americans who filed for unemployment benefits rose more than expected last week as the country continues to grapple with the economic impacts of the coronavirus pandemic. Initial weekly jobless claims came in at 1.3 million for the week ending July 11, the Labor Department said Thursday. Economists polled by Dow Jones expected
Reed Hastings, CEO of Netflix. Robyn Beck | AFP | Getty Images Netflix reported its second quarter 2020 earnings after the bell on Thursday, the first full quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings. He will
GBP/USD extends pullback from 1.2536 after flashing a bearish candlestick formation the previous day. Failures to cross 200-day EMA, lower high from the recent top favors the sellers. Bulls will have a bumpy road before challenging the June month top. GBP/USD extends the latest recovery moves from 1.2536 to 1.2558 during the early Asian session
S&P and NASDAQ break a today winning streak. Dow industrial average breaks its 4 day winning streak The major indices have broken their recent winning streaks. Admittedly the NASDAQ and the S&P index is at only reason for 2 straight days, but the Dow industrial average had a 4 day winning streak snapped in trading
The head of Shell spoke in an online interview, in a nutshell said that there will be no V-shaped recovery for the global economy after the coronavirus epidemic this will curtail oil and gas demand for years to come Ben van Beurden, Chief Executive of Royal Dutch Shell: “Energy demand, and certainty mobility demand, will
Kolkata: The online gold market in India accounts for just 1-2% of overall gold sales by value in the country, but its share is expected to grow following the Covid-19 outbreak as it is witnessing a massive push from both digital players who see it as an opportunity and large jewellers who see it as
The sharp reversal in Chinese stocks is somewhat weighing on global sentiments today. European indices are generally in red while US stocks also open mildly lower. Dollar firms up mildly but upside momentum is unclear for now. Euro is also resilient after ECB stands pat as widely expected and delivers nothing astonishing. On the other
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